Friday, November 8 2013 18:14
Armenian banks increase liabilities due to loro accounts and time deposits
ArmInfo. In Q3 2013 the time deposits of legal entities in Armenian banks changed their 6.7% decline into 16% growth. As compared with Q3 2012, this index grew by 27% to 227.9 bln AMD ($562.4 bln). The press service of the Central Bank of Armenia (CBA) reports that the individuals' time deposits accelerated their growth rates from 2.3% to 5.1% in Q3 2013. As compared with Q3 2012, this index grew by 29.3% to 693.3 bln AMD ($1.7 bln).
The Armenian banks increased their liabilities due to the loro accounts and time deposits. In the meantime, the call liabilities registered 8.3% decline (against the previous 18% growth). As compared with Q3 2012, the call liabilities grew by 19.4% to 442.5 bln AMD ($1.12 bln). The highest growth in the structure of liabilities was fixed for loro accounts - 43.5% growth in Q3 (against the previous 22.5% growth). As compared with Q3 2012, this index rose by 31.3% to 10.9 bln AMD ($26.8 mln).
In Q3 2013 the total liabilities of the Armenian banking system slowed down their growth rates from 2.9% to 2.8%. As compared with Q3 2012, the total liabilities rose by 17.1% to 2.3 trillion AMD ($5.7 bln). The payables to the Government slowed down their growth rates from 5.9% to 0.7% and totaled 70.1 bln AMD ($173.1 mln), 16.3% less than in Q 3 2012. The payables to the banks (including the CBA) and other financial organizations accelerated their growth rates from 0.4% to 4.7%. As compared with Q3 2012, this index rose by 10.5% to 747.7 bln AMD ($1.8 bln). In Q3 2013 the interest charges changed their 1% decline into 11.6% growth to 26.2 bln AMD ($64.6 mln), 12.9% more than in Q3 2012. Other liabilities changed their 17.9% decline into 0.2% growth to 81.7 bln AMD ($201.6 mln) by 1 Oct 2013, 4.8% less than in Q3 2012.
The summary total capital accelerated the growth rates from 1.9% to 3.8% (against 3.1% increase in Q3 2012) and totaled 428.7 bln AMD ($1.1 bln) by 1 October 2013. In Q3 2013 the summary total assets accelerated their growth rates from 2.8% to 2.9% (against 4.3% increase in Q3 2012) and totaled $6.7 bln AMD (2.7 trillion AMD).
By the CBA's data, as of 1 October 2013 there were 22 banks in Armenia (including the Panarmenian Bank) and 481 branches (against 477 as of 1 July 2013, 465 as of 1 October 2012, and 479 as of 1 January 2013).
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